Bitcoin to make new all-time-highs within 24 months: Coinshares CSO

[Oshosondy]

We are in July now, this means that bitcoin can hit all-time-time before July 2024. Is that possible? What is your opinion about this?

Read about the news from here:
https://cointelegraph.com/news/bitcoin-to-make-new-all-time-highs-within-24-months-coinshares-cso

If I will have to be positive about bitcoin price, I always think that this year will only be full of bear market, that makes me still continue to think that it is possible the price of bitcoin may drop more, drop more in order to rise more in the years to come. All I am thinking is that a significant rise like that may not occur before halving, halving will be in 2024. Is it possible for bitcoin to reach all-time-time by 2023 year before bitcoin halving, or by 2024 according to Coinshares CSO analysis?

[1714198368]

1714198368

[1714198368]

1714198368

[1714198368]

1714198368

[1714198368]

1714198368

[Wilhelm]

Yes could be...

Bitcoin has a 4 year cycle.

The only funky part is that the halving is traditionally the lowest point in the log curve.
This would mean the new ATH will be approx Q4 2024.

So it could be that there is an ATH before the halving.

[Lucius]

I don't read media like the ones you linked to, so I won't know why some CEO thinks that spring will come in the middle of winter if we're going to say it metaphorically. However, you mention July 2023, while this CEO talks about a period of 24 months, so he didn't really say anything other than that the new ATH will be sometime within 2 years, which means maybe 1-2 months after the halving in 2024.

If you ask me, it's an ordinary paid article to promote the company, that CEO doesn't know anything more than you or me.

[Beparanf]

There’s a possibility but his words alone has no value anymore to crypto traders. There’s a lot of prominent people including those wannabe’s that make a bold prediction just to get an attention from the public to promote there company.

US inflation is worsen every month while there’s a lot of bad things happening globally that affects global economy. I dunno if we can see again a new ATH while everyone is on panic with there personal financial status against inflation and possible recession.

[jackg]

We normally see a nice run after a halving (not sure if we actually normally reach an ath by then or not though - I thought they normally come in quite a bit after).

It does look like the person making that statement is just collating most freely available analysis/robably the one "most likely" into one concise press release though.

(most likely is far from definite)

[bittraffic]

We normally see a nice run after a halving (not sure if we actually normally reach an ath by then or not though - I thought they normally come in quite a bit after).

It does look like the person making that statement is just collating most freely available analysis/robably the one "most likely" into one concise press release though.

(most likely is far from definite)

It also did not follow the normal BTC cycle. But perhaps this is because of what we have heard from some BTC speculators who also try to force a bullrun by making an analyzis of supercycle. Yep maybe he have heard or watched the sames videos of those guys.

I however thought of it too because I really think we have reached the bottom so far, and its already abiut to burst up in weeks. If we also have to related to the economic crisis today, I say BTC will be the savior for all the failing currencies, its time to be in the mainstream news.

[LFC_Bitcoin]

24 months would take us to July 2024 which is approx May 2024. Historically we see an ATH not too long after the halving but I don’t know if 2 months after the halving is a bit too soon. I think more likely is we see an ATH in late 2024 but let’s wait & see.

[eaLiTy]

~
If I will have to be positive about bitcoin price, I always think that this year will only be full of bear market, that makes me still continue to think that it is possible the price of bitcoin may drop more, drop more in order to rise more in the years to come. All I am thinking is that a significant rise like that may not occur before halving, halving will be in 2024, not 2023. Is it possible for bitcoin to reach all-time-time by next year before bitcoin halving?

Even in the article they are not claiming that the price would rally by 2023, they are also expecting the market to recover by 2024 and that is when the next halving happens and before that it is impossible to think that we would see another market rally considering we know how the market usually performs throughout its existence and the best bet for the next rally is halving and it would be wishful thinking if anyone thinks we would see before that .

[Oshosondy]

24 months would take us to July 2024 which is approx May 2024. Historically we see an ATH not too long after the halving but I don’t know if 2 months after the halving is a bit too soon. I think more likely is we see an ATH in late 2024 but let’s wait & see.

That is true, I have edited the OP for correction, July 2023 is 12 months from now while 24 months from now is July 2024. I too believe that people will buy bitcoin more after halving.

The first halving was on 28 November 2012, the second halving was on 9 July 2016, the third halving was on 11 May 2020. Looking at this having period, it is almost 4 years before the next halving but not up to four years, because of that, I think 2024 halving may occur before May and it may be more than 2 months to July by that time. But I too can be wrong, it is possible that halving can even occur after during or after May 2024.

I understand your point though, the price of bitcoin still always take some months before reaching all-time-time and it can take over 2 months or more, but we do not know yet when the halving will occur.

[Zanab247]

I don't think, it will take a long time before the price will increase higher in the crypto market for those that bought at the lower price to start earning from their investment. The price will definitely hit $100k before the end of this year 2022 because many researchers has came to discover that the price will no longer take a long time before it will remain stable till the end of 2024 which is the seasons many long term investors are waiting for in the community.

[arwin100]

I don't think, it will take a long time before the price will increase higher in the crypto market for those that bought at the lower price to start earning from their investment. The price will definitely hit $100k before the end of this year 2022 because many researchers has came to discover that the price will no longer take a long time before it will remain stable till the end of 2024 which is the seasons many long term investors are waiting for in the community.

To early to think that $100k would be reached by this year and actually we don't have good news to wait for this to happen. Maybe the same as what happen before where most of huge bull runs happen on halving this time maybe we can say that $100k will definitely reached since for sure once hype build up the price would shoot up again and for sure this event is the most awaited time of all people here.

[KennyR]

Right now everyone is over the 4 year cycle. We don't know how this is gonna happen this time. Connecting to the previous years of market change people believe it. The bearish market needs time to grow up overcoming the factors that restrict the growth within specific limits. Particularly the focus is upon the halving. I don't know the date exactly, but the July month of 2024 looks close to the days of halving.

[Quidat]

We are in July now, this means that bitcoin can hit all-time-time before July 2024. Is that possible? What is your opinion about this?

Read about the news from here:
https://cointelegraph.com/news/bitcoin-to-make-new-all-time-highs-within-24-months-coinshares-cso

If I will have to be positive about bitcoin price, I always think that this year will only be full of bear market, that makes me still continue to think that it is possible the price of bitcoin may drop more, drop more in order to rise more in the years to come. All I am thinking is that a significant rise like that may not occur before halving, halving will be in 2024. Is it possible for bitcoin to reach all-time-time by 2023 year before bitcoin halving, or by 2024 according to Coinshares CSO analysis?

Not really a fan on believing into those analysis given by some companies or individuals because we are all speculators on here.We can do make out some assumption but doesnt mean that it would
precisely happen even looking back on past events wont guarantee that it would really be repeating on the same path or way on upcoming years to come but basing on my own opinion and feels
then we might be seeing significant price rise after halving event it might not happen before the halving but rather on after just like on the time we've been able to reach that ATH point
that we had achieved out.For now lets just all presume and assume that this bear market would be a long one.

[Fundamentals Of]

If we go by the pattern there is actually a rise shortly before halving and then followed by another big one months after the actual halving, when the reduction of new supply will get fully absorbed by the market. So there's probably a good rise next year. For this year 2022, I guess we'll have to accept that this is a bear year, which is not necessarily bad because this is a year of accumulation. As some say, wealth are built during bear markets.

[Poker Player]

Is it possible for bitcoin to reach all-time-time by 2023 year before bitcoin halving, or by 2024 according to Coinshares CSO analysis?

Sure, sure.

Meltem Demirors, the one doing the analysis, was one of many who predicted that Bitcoin would reach at least $100k:

CoinShares' Demirors predicts bitcoin will more than double in Q4

I don't know why we should believe her prediction now.

These "predictions" have to be put in context: they are advertising for the company, and as has been discussed in this thread, without so much analysis it makes the most sense for ATH to come at least months after what the analysis predicts.

[onecall123]

That's right, I've seen this at least five times before. That's right. It seems like there is a post every day telling people to buy or go long. Market conditions are bearish. When the bottom is in, you'll have plenty of time. We are at the end of the market cycle. Almost half of the lowest price was available to us for about six months. Unless, there is still a long way to go until 2024. There's no doubt about it, it's just a matter of time. Stay as true to myself as possible.

[Nrcewker]

This is we are talking about Bitcoins.
And in Bitcoins anything and everything can be possible.
I don’t really follow the predictions made by coinshares CSO, but yes this time he had really made a great statement.
Not only him but also many other veteran traders are predicting that the next 2 years will be really big for Bitcoins holders.
Moreover this year Bitcoins will try to break the resistance and will come it to it’s 40k usd price. If this target can be achieved in this year then I am also 100% sure that Bitcoins will break it’s all time high price in the near time.

[Baofeng]

If the cycle continues then sure, maybe the next all time high (6 digits), might happen in 2024 after the halving. So it could be in the next 2 years, which mean that we might see the price really tanking. We hit all time high at $17,500 but in the next 6 months we might see another lows. Nevertheless, if that happens then exponential growth could be experience in the next bull run.

[palle11]

I have no doubt about such ATH for bitcoin during the month in view. We surely know this is ba prediction based on the historic calendar of bitcoin. At every circle of bitcoin halving, the price climb to a new ATH and the next halving should not be different this time, this should be a simple fact to look at and investment for a longtime starts now.

[stompix]

Meltem Demirors, the one doing the analysis, was one of many who predicted that Bitcoin would reach at least $100k:
CoinShares' Demirors predicts bitcoin will more than double in Q4
I don't know why we should believe her prediction now.

She's the one that said last year:

Reminding that the crypto market, excluding Bitcoin, is up 200% for the year, Demirors said that Bitcoin has always been a volatile asset class. “I’m not going anywhere even if we go to $20,000. Last March, we were at $3,000 for Bitcoin,” she said, adding that “we have to keep the context in mind.”

Karma has no mercy sometimes

We normally see a nice run after a halving (not sure if we actually normally reach an ath by then or not though - I thought they normally come in quite a bit after).
It does look like the person making that statement is just collating most freely available analysis/robably the one "most likely" into one concise press release though.

Everyone was just a few months ago making predictions based on the fact that Bitcoin has never gone below the previous ATH, well, it went there. Now, it's obviously time to completely destroy this halving scenario by either refusing to go to a new ATH after it or by making one before the actual halving and dropping afterward. But yeah, going for a 24 months period is the new most accurate prediction they can make without risking to look like a few just a few months later.